Regulation demands that a borrower is given proper by both the outgoing servicer and the incoming servicer.

There may be laws that regulate or restrict what you are contemplating.You may also find it important to have a discussion with an attorney to properly structure the business to abide by all federal and state laws.

Unfortunately, they have all declined claiming that Texas regulations prohibit this type of product on investment properties.Is this true or are banks simply avoiding this type of loan in Texas?

I know there are installation parameters which do not scare me but the issue of constant humidity issue regulation- power does go out sometimes.We are in NC.

@Brianna S.I honestly figured it would be a lot of regulation type stuff but that's okay I guess.

.- Investor with 10 properties free and clear- Management Fund, 30,000 houses, stock share holders, FTC regulation and thousands of employeesI am striving to become the second (free and clear land lord)...I argue that so long as investors don't over-leverage we will prevent another bubble and crash.

The strict SEC regulations are geared toward Domestic Investors.

Granted there is not much regulation in Idaho as far as managing properties, but there are some that you need to know.

Seems like a no brainer, but some states amaze me with their regulations.

The proposed so called "relaxing" of regulations still only allows accredited investors to participate.